Toku Ltd. Raises S$16.25 Million in Highly Successful SGX Catalist IPO

Singapore-based AI customer experience platform Toku Ltd. has officially listed on the SGX Catalist board, raising S$16.25 million in the first Singaporean IPO of 2026. The initial public offering saw overwhelming demand, with the public tranche closing 31.9 times subscribed. Trading under the ticker symbol TKU, the company opened at S$0.260 on its debut day, reflecting immediate investor confidence in its regional growth strategy. The successful listing is bolstered by the company's recent recognition as one of the Financial Times’ High-Growth Companies in APAC, where it was ranked #159. This accolade follows a three-year period of sustained momentum, including 47 percent revenue growth and a Net Revenue Retention rate exceeding 150 percent. Such figures underscore the market's demand for specialized communication tools that can navigate the linguistic and regulatory complexities of Asia. Institutional giants like Lion Global Investors and Amova Asset Management participated in the placement, validating the platform's enterprise-grade strategy. The Toku platform integrates voice, messaging, and AI into a unified ecosystem designed to replace legacy systems. This infrastructure allows businesses to scale their interactions across multiple markets while maintaining high standards of security and reliability.

Management plans to utilize the gross proceeds to accelerate global expansion and deepen proprietary AI capabilities. Specific focus will be placed on localized language processing and voice agents that handle regional dialects more accurately than generic global models. Strategic acquisitions are also on the horizon to consolidate market share in fragmented telecom environments across Southeast Asia and beyond.

Thomas Laboulle, the Founder and CEO of Toku, stated that the listing reflects trust in their vision to reimagine customer engagement. He emphasized that the capital raised will allow the team to bring their specialized expertise to more organizations worldwide. As the firm moves toward its next phase of growth, it remains dedicated to solving the complex infrastructure challenges that global competitors often overlook.